Moving home guides

How to save enough money to move out

If you're stuck at home living with your parents, here's how to make your dream of moving out a reality.

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Cut your outgoings

You can save more towards moving out by spending less on:

Travel costs: If you drive, see if you can make your car insurance cheaper. Car sharing or switching to public transport could save you money too. Travel by bus or train? Check if a railcard could cut the cost and book in advance to save.

What if the cost is too high?

If you are worried the cost of paying everything yourself is too high, then there are ways to make savings:

Look at smaller properties: Whether you plan to buy or rent, you will have to pay more for larger properties. If you need to bring the cost down, you might need to look at studio flats or ditching the spare room.

Rent with someone else: Sharing the cost of renting with a flatmate can make it much cheaper and more affordable. If you have friends who are planning to move out soon, speak to them about teaming up, alternatively look at rooms in flat shares.

You have to pay Council Tax whether you rent or buy, but you could get a discount in some cases, e.g. if you live alone, so check if you could save.

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